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LightPath Technologies(NASDAQ) LPTH

Current Price$10.79
Market Cap$718.69MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1996)-72%
5 Year+361%
1 Year+238%
1 Month-17%
LightPath Technologies last closing stock price
MetricPriceDate
Last closeUSD 10.832026-07-24
LightPath Technologies stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.54%USD 10.462026-07-17
1 month-16.69%USD 13.002026-06-24
3 month-32.69%USD 16.092026-04-24
Year to date+0.28%USD 10.802025-12-31
1 year+238.44%USD 3.202025-07-24
3 year+479.14%USD 1.872023-07-25
5 year+360.85%USD 2.352021-07-23
Since inception-71.5%USD 38.001996-02-22

LightPath Technologies Financials at a Glance

Market Cap

$718.69MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$62.77M

Net Income (TTM)

-$23.46M

EPS (TTM)

-$0.50

P/E Ratio

-21.59

Dividend

$0.00

Beta (Volatility)

1.36 (Average)

Price

$10.79

Volume

129,328

Open

$12.22

Previous Close

$10.79

Daily Range

$10.77 - $12.22

52-Week Range

$2.91 - $18.94

Estimated Earnings Date

Sep 10, 2026

LPTH News

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About LightPath Technologies

LightPath makes lenses and optical parts that help machines "see" and measure things. Its products are used in medical devices, defense equipment, and industrial tools. These parts help scan barcodes, guide vehicles, and improve safety systems.

See the Light: What LightPath Sells

  • Infrared Components (37% of revenue): Lenses for thermal cameras and sensors, used in defense, security, and industrial monitoring.
  • Visible Components (36%): Glass optics for barcode scanners, medical devices, and machine vision systems.
  • Assemblies and Modules (15%): Complete optical systems, such as mounted lenses and infrared cameras, for industrial and defense clients.
  • Engineering Services (12%): Custom design and development of optical solutions for specialized customer needs.

Growth Spurts: How LightPath Got Here

  • Acquired Visimid Technologies in July 2023, adding thermal imaging and night vision products.
  • Bought G5 Infrared in February 2025, expanding into cooled infrared cameras and advanced coatings.
  • Expanded Orlando, Florida facility in August 2023 to boost manufacturing capacity.
  • Shifted focus from basic components to full optical systems and engineered solutions since 2023.
  • Entered new markets in Europe and Asia, with global sales now spanning three continents.

What Makes LightPath Stand Out

LightPath operates factories in the US, China, and Latvia, serving customers worldwide. Its proprietary BlackDiamond glass offers a cost-effective alternative to traditional infrared materials. The company’s shift to complete imaging systems helps it build longer-term customer relationships.

Five Things You Need to Know

  • Revenue was $15 million in QQ1 2026, up 79.3% from QQ1 2025.
  • Gross profit margin rose to 29% in Q3 2025, up from 21% a year earlier.
  • Assemblies and modules revenue grew 123% YoY in Q3 2025.
  • Sales backlog reached $27.4 million as of March 31, 2025, up 25% YoY.

Bottom Line

LightPath has evolved from a lens maker to a provider of full optical systems. Its global reach and product diversification help it adapt to changing industry needs.

AI Generated • Apr 16, 2026

Industry

Electronic Equipment, Instruments and Components

Sector

Information Technology

Employees

350

CEO

Shmuel Rubin, MBA

Website

www.lightpath.com

Headquarters

Orlando, FL 32826, US

LPTH Financials

Key Financial Metrics (TTM)

Gross Margin

32.10%

Operating Margin

-14.40%

Net Income Margin

-37.38%

Return on Equity

-41.18%

Return on Capital

-38.35%

Return on Assets

-16.26%

Earnings Yield

-4.63%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$718.69MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

66.36M

Volume

129.33K

Avg. Volume

3.75M

Financials (TTM)

Gross Profit

$20.15M

Operating Income

-$9.04M

EBITDA

-$9.94M

Operating Cash Flow

-$7.77M

Capital Expenditure

-$2.53M

Free Cash Flow

-$10.29M

Cash & ST Invst.

$55.24M

Total Debt

$11.32M

LightPath Technologies Performance Analysis

LightPath Technologies annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-06-30USD 35,559,160N/A
20232023-06-30USD 32,933,949-7.4%
20242024-06-30USD 31,726,192-3.7%
20252025-06-30USD 37,202,63017.3%
LightPath Technologies sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-06-3033.2%
Q12025-09-3023.3%
Q22025-12-318.6%
Q32026-03-3117.1%
LightPath Technologies annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-06-30USD -0.13N/A
20232023-06-30USD -0.13-2.4%
20242024-06-30USD -0.2165.0%
20252025-06-30USD -0.72243.5%
LightPath Technologies sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-06-30-88.9%
Q12025-09-3060.7%
Q22025-12-31-199.4%
Q32026-03-3165.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2026YOY CHG

Revenue

$19.15M

+108.9%

Gross Profit

$6.96M

+161.1%

Gross Margin

36.33%

N/A

Market Cap

$718.69MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.05M

N/A

Employees

350

N/A

Net Income

-$4.11M

-14.6%

EBITDA

$403.96K

+121.7%

Quarterly Fundamentals

Name
Q3 2026YOY CHG

Total Cash

$55.24M

+752.5%

Total Debt

$11.32M

-21.0%

Accounts Receivable

$10.80M

+41.1%

Inventory

$13.34M

+5.2%

Long Term Debt

$9.76M

-23.0%

Short Term Debt

$1.56M

-6.0%

Return on Assets

-16.26%

N/A

Return on Invested Capital

-7.37%

N/A

Free Cash Flow

-$7.70M

-110.0%

Operating Cash Flow

-$6.80M

-109.6%

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Questions About LPTH

What is the current price of LightPath Technologies?

LightPath Technologies is trading at $10.79 per share.

What is the 52-week range for LightPath Technologies?

Over the past 52 weeks, LightPath Technologies has traded between $2.91 and $18.94.

How much debt does LightPath Technologies have?

As of the most recent reporting period, LightPath Technologies reported total debt of $11.32M.

How much cash does LightPath Technologies have on hand?

LightPath Technologies reported $55.24M in cash and cash equivalents in its most recent financial results.

What is LightPath Technologies’s dividend yield?

LightPath Technologies does not currently have a dividend yield.

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